For the students passing out from the Punjab Engineering College (PEC), the placement season for the 2007-08 academic session, has been nothing less than a fairy tale. Five students were offered hefty packages of Rs 9.21 lakh per annum by Microsoft while five others were offered salaries of Rs 8 lakh per annum by CISCO. The other students have been offered pay packages ranging between Rs 5.5 to 7 lakh.

The authorities at the PEC maintain that the turmoil in the stock markets have had no major impact on the placement activity. Talking to Newsline, K K Garg, Training and Placement Officer, said: “The companies have reduced their intake by almost 30 per cent, but that has not impacted us. It is because the companies look for quality that we are never short of. They are always ready to hire our students.”